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Short crypto and markets updates from outlets’ public feeds, rewritten by AI in our own words, credited and linked. Newest first.
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Fri 6 Nov
Ripple CEO Brad Garlinghouse says US needs clear digital-asset rules after midterms
Ripple CEO Brad Garlinghouse said pro-crypto candidates from both parties won the US midterms and called for clear digital-asset rules, noting 67 million Americans use crypto. Ripple CLO Stuart Alderoty said regulatory clarity will not be settled by one election.
Previous related news
- The Macro Paper says each $1 of Big Tech AI spending has coincided with $6.33 of market value lost
- Kobeissi Letter says persistent selling stood out in overnight rout
- Hedge fund liquidations may be driving market sell-off, analysts say
Hudson River Trading starts trading on Kalshi as Wall Street bets on prediction markets
Quantitative trading firm Hudson River Trading began trading on prediction market Kalshi about a month ago, focusing on its up-down contracts through its futures team, and joined Kalshi's latest $1bn funding round at a $40bn valuation.
South Korea finance minister says government will act to stop market anxiety spreading
South Korea's finance minister said the government will act proactively to prevent market anxiety from escalating and will ease rules on leveraged investing to calm volatility. Further stabilisation measures will follow if volatility worsens, the minister said.
Elizabeth Warren expected to chair Senate Banking panel, WSJ says
The Wall Street Journal reports that Senator Elizabeth Warren, a leading crypto sceptic, is expected to chair the Senate Banking Committee in January and to step up oversight of digital-asset firms and prediction markets.
Hillary Clinton calls for new Congress to hold Musk to account over data claims
Former US secretary of state Hillary Clinton told ABC's The View that the Congress taking office in January 2027 should hold Elon Musk and others to account, accusing them of trying to influence decisions by manipulating data. Democrats have weighed investigating Musk's federal contracts and DOGE role.
Perplexity launches Teammates AI agents, with about 10,000 created internally in 30 days
Perplexity has launched Teammates, AI agents built on Perplexity Computer that take on roles, goals and permissions and track work over time. CEO Aravind Srinivas says about 10,000 were created internally in 30 days, 20 times the human headcount.
Pendle says $2.1bn infrastructure fund exposure is tokenised via NGI+
Pendle says NGI+ turns exposure to a Partners Group fund, whose shares Reale holds, into permissionless tokens, with KYC and AML checks at entry and exit. The $2.1bn Next Generation Infrastructure fund trades monthly, and Pendle has set up PT, YT and LP markets around it.
DeepSeek Harness says daily active users passed 1.5m
DeepSeek Harness said its daily active users, counting those using its official API, reached 1.54m on 4 Nov, consuming about 92tn tokens a day. The seven-day average was 271,000 on 30 Sept and 429,000 on 7 Oct, it said.
Thinking Machines Lab said to raise $5bn at $40bn pre-money valuation
Thinking Machines Lab, founded by former OpenAI CTO Mira Murati, is raising $5bn at a $40bn pre-money valuation, Business Insider reported, citing people familiar with the matter. The company also released its Inkling 2 Small model.
WDC falls 10.6% in 24 hours to $281.13
WDC dropped 10.6% over 24 hours and was trading at $281.13, according to MSX.COM data.
US lawmaker Yassamin Ansari calls for pause on advanced AI development
US Representative Yassamin Ansari, who represents Arizona's third district, said on X that the Democratic agenda should prioritise pausing advanced AI development, tightening regulation of the industry and banning superintelligence. Elon Musk replied 'It's a Brave New World', to which Ansari responded 'See you soon'.
IMPBinance says more asset withdrawals will resume in batches from 6 Nov
Binance said it will restore withdrawals for a batch of assets in stages from 04:00 UTC on 6 Nov after security checks, with deposits unaffected. The assets span BSC, Base, Ethereum, Optimism, Polygon and Arbitrum networks and include USDE, PENDLE, ZRO, XRP and CAKE.
Previous related news
- Binance says it will reopen withdrawals for more assets from 04:00 UTC on 6 November
- Singapore's MAS says public should not deal with unregulated firms after Binance incident
- Fed and OCC ask banks about impact of Binance attack affecting $6.34bn in assets
Gate adds margin trading to its stock offering
Gate has launched margin trading for stocks, letting users borrow USDT to buy shares or borrow eligible shares to sell short or hedge. The feature is available on the web platform, with app support from version v8.43.0.
METR says Anthropic's model progress has roughly doubled, with 80% of gains from AI
METR says Anthropic's benchmark capability progress over the past year was roughly equivalent to the previous two years, with the pace about 1.9 times faster since October 2025 on its AECI index. It spent about 11 weeks inside the company reviewing results, compute and research efficiency.
US spot SOL ETFs see $1.18m net outflow on 5 November
US spot SOL ETFs had a combined net outflow of $1.18m on 5 November, SoSoValue data show. Grayscale Solana Trust (GSOL) lost $815,100 and Invesco Galaxy Solana ETF (QSOL) $360,900; total net assets stood at $1.33bn.
Arca's Jeff Dorman says Hyperliquid first to combine L1, DEX and stablecoin fee income
Arca CIO Jeff Dorman said Hyperliquid is the first crypto project to achieve the "three crowns": its own L1 chain plus DEX and stablecoin fee revenue. L1 tokens alone carry little value without those fee streams, he said.
Whale's $31m Micron long loss narrows to $3.12m
On-chain analyst Ember monitoring shows a whale opened a $31m Micron (MU) long at $775.25 before an overnight slump. MU fell to $650, putting the position $5m down, before rebounding to about $700 and cutting the loss to $3.12m.
DarkSword iOS exploit kit linked to $5.57m in crypto losses, Zhao Changpeng urges updates
Security researchers warn the DarkSword exploit kit uses an iOS 18 flaw to run malicious code when users open infected sites in Safari, stealing wallet keys and seed phrases. At least 18 sites and 20-plus wallets are linked to $5.57m in losses; Zhao Changpeng urged users to update iOS.
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